CTI Engineering Co., Ltd. (9621) AI Stock Analysis

• Market Cap: ¥87.44B
• Dividend Yield: 1.25%
• Average Volume (3M): 38.41K
• Price to Earnings (P/E): 13.9
• Beta (1Y): 0.72
• Revenue Growth: 2.61%
• EPS Growth: -13.38%
• Country: JP
• Employees: 3,966
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 59.25
• Shares Outstanding: 28,318,172
• 10 Day Avg. Volume: 51,290
• 30 Day Avg. Volume: 38,413
• PEG Ratio: -1.18
• Price to Book (P/B): 1.24
• Price to Sales (P/S): 0.82
• P/FCF Ratio: 17.92
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: ¥3,356.00 ▲(12.92% Upside)
• Action: Reiterated Date: 02/18/26
• Date: Action: Reiterated 02/18/26

The score is driven mainly by solid financial health (steady growth, strong balance sheet) and supportive technical momentum (price above key moving averages with positive MACD). This is tempered by uneven cash-flow conversion and only moderate valuation support (P/E ~15 with a ~2.25% dividend yield).

Positive Factors

Conservative balance sheet

Low historical leverage and a rising equity base provide durable financial flexibility for bidding and executing multi-year public infrastructure projects. This conservatism supports resilience to cyclical spending shifts and preserves capacity for opportunistic investment or tender participation over 2–6 months.

Negative Factors

Volatile cash generation

Inconsistent cash conversion constrains the company's ability to fund capex, bid large contracts, or smooth payouts without relying on external financing. Multi-year variability in operating and free cash flow increases execution risk on long-duration projects and weakens short-to-medium term liquidity resilience.

CTI Engineering Co., Ltd. Business Overview & Revenue Model

Company Description

CTI Engineering Co., Ltd. operates as a consulting engineering company in Japan and internationally. It offers professional consulting services related to civil engineering and construction works, including planning, research, scheduling, design, ...

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CTI Engineering Co., Ltd. operates as a consulting engineering company in Japan and internationally. It offers professional consulting services related to civil engineering and construction works, including planning, research, scheduling, design, ...

How the Company Makes Money

CTI Engineering primarily earns revenue by delivering professional engineering and construction-consulting services on a project/contract basis. Key revenue streams generally include: (1) design and engineering services (e.g., civil/structural des...

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CTI Engineering primarily earns revenue by delivering professional engineering and construction-consulting services on a project/contract basis. Key revenue streams generally include: (1) design and engineering services (e.g., civil/structural des...

CTI Engineering Co., Ltd. Financial Statement Overview

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	97.73B	101.04B	97.68B	93.06B	83.48B	74.41B
Gross Profit	28.40B	29.58B	28.43B	27.06B	23.42B	20.73B
EBITDA	10.72B	11.51B	11.34B	11.72B	9.53B	8.35B
Net Income	5.64B	5.95B	6.75B	7.54B	5.88B	4.47B
Balance Sheet
Total Assets	87.92B	96.34B	87.69B	79.91B	73.30B	71.88B
Cash, Cash Equivalents and Short-Term Investments	29.20B	15.99B	15.52B	19.65B	22.59B	20.53B
Total Debt	539.00M	5.46B	4.03B	2.88B	2.89B	2.48B
Total Liabilities	24.73B	29.52B	26.02B	24.82B	25.57B	33.06B
Stockholders Equity	62.98B	66.53B	61.45B	54.89B	47.52B	38.67B
Cash Flow
Free Cash Flow	0.00	4.60B	1.56B	31.00M	3.24B	4.98B
Operating Cash Flow	0.00	5.77B	2.41B	874.00M	3.80B	5.34B
Investing Cash Flow	0.00	-612.00M	-4.80B	-912.00M	-752.00M	-671.00M
Financing Cash Flow	0.00	-5.09B	-2.11B	-3.29B	-1.29B	-1.13B

CTI Engineering Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2972.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9621, the sentiment is Positive. The current price of 2972 is below the 20-day moving average (MA) of 3127.80, below the 50-day MA of 3150.04, and above the 200-day MA of 2930.34, indicating a neutral trend. The MACD of -53.43 indicates Positive momentum. The RSI at 46.11 is Neutral, neither overbought nor oversold. The STOCH value of 48.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9621.

CTI Engineering Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1941	76 Outperform	¥259.31B	12.19	7.43%	2.78%	1.31%	59.20%
1939	76 Outperform	¥96.56B	13.41	―	4.38%	-0.84%	-1.80%
9621	73 Outperform	¥87.44B	13.86	―	1.25%	2.61%	-13.38%
1942	72 Outperform	¥1.29T	12.95	14.94%	2.00%	16.43%	53.76%
1965	70 Outperform	¥127.11B	9.59	―	1.55%	20.44%	106.45%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
1945	56 Neutral	¥54.87B	11.64	―	2.95%	-7.98%	37.92%